ISIS forced to cut fighters' pay 50 percent because of airstrikes

By REUTERS
February 8, 2016 13:48

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

LONDON - The Islamic State (IS) militant group has been forced to cut pay to its fighters by up to 50 percent because US-led air strikes have had a substantial impact on the money it makes from oil, a senior US official said on Monday.

Daniel Glaser, assistant secretary for terrorist financing at the US Treasury Department, said the air strikes had hit the group's ability to extract, refine and transport oil from the territory it controlled in Iraq and Syria.

"When you look at difficulties that we know that they are having with respect to the transport, with respect to the extraction, I think it's fair to say they are no longer able to make money the way they used to be able to," Glaser told a conference in London. "(IS) has cut salaries to its fighters in Raqqa by up to 50 percent," he added.

Related Content

Breaking news
August 16, 2018
Woman killed in hit and run near Havat Gilad outpost

By JPOST.COM STAFF